<html><body>
Piccolo’s Upper House apartment complex has secured the sale of 70% of the 110 apartments only 10 weeks after marketing began.
<img src="/images/stories/2012/10/upperhouse6.jpg">
“This is a project that inspires confidence and buyers have responded to the quality offering without delay,” says Tim Storey, Colliers International managing director of residential.
<img src="/images/stories/2012/10/upperhouse.jpg">
The Piccolo Development group initially reported in late October that it had secured the sale of half of the 110 apartments.
<img src="/images/stories/2012/11/upperhousedrawing.png">
Piccolo Development has engaged Hamilton Marino Builders to construct the complex from early 2013.
<img src="/images/stories/2012/10/upperhouse2.jpg">
The Upper House façade was designed by Jackson Clements Burrows Architects.
<img src="/images/stories/2012/10/upperhouse4.jpg">
“Piccolo are dedicated to creating landmark properties that are timeless, unique and inspiring,” says Piccolo Development director Michael Piccolo.
Upper House is located at 516-520 Swanston Street, <a target="_blank" href="/news">Carlton</a>, and comprises two distinctive components, The Cloud and The Podium.
<img src="/images/stories/2012/10/upperhouse5.jpg">
The Cloud apartments float above The Podium apartments.
The Podium offers 60 one-bedroom apartments and 30 two-bedroom apartments.
<img src="/images/stories/2012/10/upperhouse3.jpg">
Apartments in The Podium start from $380,000.
The Cloud offers 20 two-bedroom apartments starting from $700,000.
Due for completion in 2014, Upper House apartments are being sold by Melissa Hall from Colliers International.
</body></html>

ntrotman-Et3xWpamVh

Piccolo’s Upper House Carlton apartment complex secures 70% sellout after 10 weeks

<html><body>
Australand and Citta Property Group have sold 17 apartments so far at The Green Parkville, the final phase of the landmark residential development at the original Parkville Gardens.
The Green Parkville offering was officially launched in late September.
<img src="/images/stories/2012/11/thegreen3.jpg">
Located four kilometres from Melbourne CBD, The Green <a href="/news">Parkville </a>apartment precinct sits directly opposite the village oval.
The development site was a former psychiatric hospital that later became the athlete’s village for the 2006 Commonwealth Games.
The latest off-the-plan offering is 57 one-, two- and three-bedroom apartments.
<img src="/images/stories/2012/11/thegreen2.jpg">
SJB Architects focused on three main forms including the cube in its five-storey apartment building.
One-bedroom apartments start from $355,000, two-bedrooms from $455,000 and three-bedroom from $645,000.
Each residence has a car park space and bike storage.
<img src="/images/stories/2012/11/thegreen1.jpg">
The Park Club community facilities are exclusive to residents with a 25-metre indoor lap pool, gymnasium, function and theatre room.
The Parkville Gardens project was marketed as a modern housing development with the aim of being an integrated, social inclusive community.
The 20-hectare development included the retention and refurbishment of 11 heritage buildings and the capacity for approximately 1,000 dwellings.
The Green Parkville precinct  already has 155 detached homes, 14 townhouses and 68 apartments.
Set on Cade Way, Parkville, the Green Parkville has an estimated completion date of July 2014.
</body></html>

The Green Parkville almost a third sold since September launch

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Bellamack, the Darwin semi-rural Palmerston district suburb, tops the latest list of 32 regional localities in South Australia, Northern Territory, Western Australia and Tasmania with the highest rental yields for houses, according to information provided by RP Data.
The Property Observer list covers all states and territories outside the big three, <a target="_blank" href="https://www.propertyobserver.com.au/landlords/east-coast-australia-s-top-40-highest-rental-yield-suburbs-from-moranbah-to-tregear/2012112057965">NSW, Victoria and Queensland</a>.
Western Australia localities top the list, with 14 suburbs with high rental yields.
Tasmania is second with 11 high rental yield suburbs.
South Australia comes in third place with five localities.
Northern Territory has two localties, but tops the list with yields above 14%.
There are none from the Australian Capital Territory. 
<table align="left" cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td width="150" valign="top">
SUBURB
</td>
<td width="150" valign="top">
POSTCODE
</td>
<td width="150" valign="top">
MEDIAN PRICE
</td>
<td width="150" valign="top">
GROSS RENTAL YIELD
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Bellamack</a>
</td>
<td width="150" valign="top">
0832
</td>
<td width="150" valign="top">
$223,000
</td>
<td width="150" valign="top">
15.3%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Johnston</a>
</td>
<td width="150" valign="top">
0832
</td>
<td width="150" valign="top">
$240,000
</td>
<td width="150" valign="top">
14.1%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Kambalda West</a>
</td>
<td width="150" valign="top">
6442
</td>
<td width="150" valign="top">
$130,000
</td>
<td width="150" valign="top">
12%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Bulgarra</a>
</td>
<td width="150" valign="top">
6714
</td>
<td width="150" valign="top">
$675,000
</td>
<td width="150" valign="top">
10.8%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Pegs Creek</a>
</td>
<td width="150" valign="top">
6714
</td>
<td width="150" valign="top">
$730,000
</td>
<td width="150" valign="top">
10.7%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">South Hedland</a>
</td>
<td width="150" valign="top">
6722
</td>
<td width="150" valign="top">
$850,000
</td>
<td width="150" valign="top">
10.7%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Zeehan</a>
</td>
<td width="150" valign="top">
7469
</td>
<td width="150" valign="top">
$73,000
</td>
<td width="150" valign="top">
10.7%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Port Hedland</a>
</td>
<td width="150" valign="top">
6721
</td>
<td width="150" valign="top">
$1,150,000
</td>
<td width="150" valign="top">
9.9%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Queenstown</a>
</td>
<td width="150" valign="top">
7467
</td>
<td width="150" valign="top">
$74,500
</td>
<td width="150" valign="top">
9.8%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Millars Well</a>
</td>
<td width="150" valign="top">
6714
</td>
<td width="150" valign="top">
$827,500
</td>
<td width="150" valign="top">
9.4%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Baynton</a>
</td>
<td width="150" valign="top">
6714
</td>
<td width="150" valign="top">
$997,000
</td>
<td width="150" valign="top">
9.3%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Dampier</a>
</td>
<td width="150" valign="top">
6713
</td>
<td width="150" valign="top">
$880,000
</td>
<td width="150" valign="top">
9.3%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Derby</a>
</td>
<td width="150" valign="top">
6728
</td>
<td width="150" valign="top">
$532,500
</td>
<td width="150" valign="top">
9.3%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Nickol</a>
</td>
<td width="150" valign="top">
6714
</td>
<td width="150" valign="top">
$990,000
</td>
<td width="150" valign="top">
9.2%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Merredin</a>
</td>
<td width="150" valign="top">
6415
</td>
<td width="150" valign="top">
$185,000
</td>
<td width="150" valign="top">
9%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Campbelltown</a>
</td>
<td width="150" valign="top">
7210
</td>
<td width="150" valign="top">
$152,000
</td>
<td width="150" valign="top">
8.6%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Risdon Vale</a>
</td>
<td width="150" valign="top">
7016
</td>
<td width="150" valign="top">
$167,750
</td>
<td width="150" valign="top">
8.1%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Peterborough</a>
</td>
<td width="150" valign="top">
5422
</td>
<td width="150" valign="top">
$88,000
</td>
<td width="150" valign="top">
8%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Bridgewater</a>
</td>
<td width="150" valign="top">
7030
</td>
<td width="150" valign="top">
$165,000
</td>
<td width="150" valign="top">
7.7%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Piccadilly</a>
</td>
<td width="150" valign="top">
6430
</td>
<td width="150" valign="top">
$302,500
</td>
<td width="150" valign="top">
7.6%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Waverley</a>
</td>
<td width="150" valign="top">
7250
</td>
<td width="150" valign="top">
$157,000
</td>
<td width="150" valign="top">
7.6%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Quorn</a>
</td>
<td width="150" valign="top">
5433
</td>
<td width="150" valign="top">
$143,000
</td>
<td width="150" valign="top">
7.6%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Chigwell</a>
</td>
<td width="150" valign="top">
7011
</td>
<td width="150" valign="top">
$194,000
</td>
<td width="150" valign="top">
7.5%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Clarendon Vale</a>
</td>
<td width="150" valign="top">
7019
</td>
<td width="150" valign="top">
$150,000
</td>
<td width="150" valign="top">
7.5%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Port Augusta</a>
</td>
<td width="150" valign="top">
5700
</td>
<td width="150" valign="top">
$171,250
</td>
<td width="150" valign="top">
7.3%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Katanning</a>
</td>
<td width="150" valign="top">
6317
</td>
<td width="150" valign="top">
$172,500
</td>
<td width="150" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">George Town</a>
</td>
<td width="150" valign="top">
7253
</td>
<td width="150" valign="top">
$145,000
</td>
<td width="150" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">New Norfolk</a>
</td>
<td width="150" valign="top">
7140
</td>
<td width="150" valign="top">
$180,000
</td>
<td width="150" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Port Pirie West</a>
</td>
<td width="150" valign="top">
5540
</td>
<td width="150" valign="top">
$130,000
</td>
<td width="150" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Tailem Bend</a>
</td>
<td width="150" valign="top">
5260
</td>
<td width="150" valign="top">
$145,000
</td>
<td width="150" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Lamington</a>
</td>
<td width="150" valign="top">
6430
</td>
<td width="150" valign="top">
$345,000
</td>
<td width="150" valign="top">
7.1%
</td>
</tr>
<tr>
<td width="150" valign="top">
<a target="_blank" href="/news">Railton</a>
</td>
<td width="150" valign="top">
7305
</td>
<td width="150" valign="top">
$164,000
</td>
<td width="150" valign="top">
7%
</td>
</tr>
</tbody></table>
</body></html>

The 32 regional rental yield locations that top 7%

<html><body>
The recent buyers of Mintaro, the 1882 Monegeetta mansion, have listed their own Diggers Rest property with a reserve price of $3.25 million.
Brian and Cheryl Glassel have listed the seven-bedroom, four-bathroom Pinewood for December 13 auction.
Located at <a href="https://www.realestate.com.au/property-house-vic-diggers+rest-112328323" target="_blank">829 Black Hill Road</a>, the 1870s house sits on 97 hectares with formal gardens and farmland. The property has nine main paddocks and sheep and cattle yards.
The bluestone, brick and weatherboard construction comprises of classic drawing and dining rooms, conservatory, library, sewing room, four bedrooms and two bathrooms.
There's a second brick veneer residence for guest accommodation.
<a href="https://www.propertyobserver.com.au/victoria/mintaro-the-1882-monegeetta-sunbury-district-mansion-has-been-sold-at-its-%243-million-reserve-price/2012111457817" target="_blank">Last week the Glassels bought Mintaro</a>, the Sunbury district mansion, for its $3 million reserve price shortly after it had been passed in at $2.85 million.
The Glassels plan their own “Country House Rescue” with tours and dining experiences set to make the “property pay for itself”.
The Pinewood, Toolern Vale, auction will be conducted by John Keating from Keatings Real Estate Woodend.
It's only the second time in Pinewood's history since 1848 that it's available for sale.
</body></html>

Mintaro, Monegeetta, mansion buyers list their Diggers Rest property

<html><body>
This week's episode of Grand Designs Australia features an house in Annandale that is being built on a small empty allotment overshadowed by a large building either side, one of which is heritage listed.
Brett and Rees are wanting to upsize but don’t want to leave the inner west-suburb of Sydney <a href="/news">Annandale</a>, so have chosen to build on the small empty allotment behind their apartment.
<a target="_blank" href="https://www.lifestyle.com.au/granddesigns/series-3/episode-6-annandale-urban-house.aspx">The Annandale house</a> has been in the works for eight years due to the possibility of the heritage-listed building next to it that may collapse.
The property will start with a basement car park with connecting stairs from the laneway leading up to the main entrance.
The hallway will be a glass atrium; the property will need both artificial and natural light due to the overshadowing buildings.
The large master bedroom will have its own kitchenette and a resort-style open-plan bathroom.
The top tier will play host to a spacious living and kitchen area.
The main feature of the house is set to be a central transparent plunge pool with jets.
Another bedroom is located near the front of the house next to a study.
Grand Designs host and Australian architect Peter Maddison says it is a compact home that must use every iota of space to its full advantage.
The median sale price for Annandale is $893,000, and the indicative gross rental yield is 3.9%.
A property located at 2 Collins Street, Annandale, is currently on the market with a listing price of $865,000. It last sold in 2008 for $425,000.
A property at 63 Young Street, Annandale, has an asking price of $920,000. It last sold in 2009 for $810,000.
Last week Grand Designs Australia featured a luxurious beach house in Bryon Bay.
The Annandale urban house episode will air on the Lifestyle channel on November 22 at 8.30pm.
</body></html>

An overshadowed, small Annandale block the challenge for this week's Grand Designs

<html><body>
Moranbah tops the latest list of 40 localities with the highest rental yields for houses, according to information provided by RP Data.
Queensland localities top the list, with 18 suburbs.
New South Wales is second with 17 high rental yield suburbs.
Victoria comes in third place with five localities.
 
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="120" valign="top">
SUBURB
</td>
<td width="117" valign="top">
POSTCODE
</td>
<td width="113" valign="top">
MEDIAN PRICE
</td>
<td width="110" valign="top">
GROSS RENTAL YIELD
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Moranbah</a>
</td>
<td width="117" valign="top">
4744
</td>
<td width="113" valign="top">
$723,950
</td>
<td width="110" valign="top">
12.9%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Boggabri</a>
</td>
<td width="117" valign="top">
2382
</td>
<td width="113" valign="top">
$156,000
</td>
<td width="110" valign="top">
11.7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Blackwater</a>
</td>
<td width="117" valign="top">
4717
</td>
<td width="113" valign="top">
$414,000
</td>
<td width="110" valign="top">
11.3%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Collinsville</a>
</td>
<td width="117" valign="top">
4804
</td>
<td width="113" valign="top">
$220,000
</td>
<td width="110" valign="top">
10.6%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Dimboola</a>
</td>
<td width="117" valign="top">
3414
</td>
<td width="113" valign="top">
$83,500
</td>
<td width="110" valign="top">
10%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Broken Hill</a>
</td>
<td width="117" valign="top">
2880
</td>
<td width="113" valign="top">
$110,000
</td>
<td width="110" valign="top">
9.5%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Condobolin</a>
</td>
<td width="117" valign="top">
2877
</td>
<td width="113" valign="top">
$131,500
</td>
<td width="110" valign="top">
8.3%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Roma</a>
</td>
<td width="117" valign="top">
4455
</td>
<td width="113" valign="top">
$320,000
</td>
<td width="110" valign="top">
8.1%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Townview</a>
</td>
<td width="117" valign="top">
4825
</td>
<td width="113" valign="top">
$335,000
</td>
<td width="110" valign="top">
8.1%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Nhill</a>
</td>
<td width="117" valign="top">
3418
</td>
<td width="113" valign="top">
$110,000
</td>
<td width="110" valign="top">
8%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Batlow</a>
</td>
<td width="117" valign="top">
2730
</td>
<td width="113" valign="top">
$107,500
</td>
<td width="110" valign="top">
7.9%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Clermont</a>
</td>
<td width="117" valign="top">
4721
</td>
<td width="113" valign="top">
$317,500
</td>
<td width="110" valign="top">
7.8%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Sunset</a>
</td>
<td width="117" valign="top">
4825
</td>
<td width="113" valign="top">
$350,000
</td>
<td width="110" valign="top">
7.7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Depot Hill</a>
</td>
<td width="117" valign="top">
4700
</td>
<td width="113" valign="top">
$170,000
</td>
<td width="110" valign="top">
7.6%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Cobar</a>
</td>
<td width="117" valign="top">
2835
</td>
<td width="113" valign="top">
$195,000
</td>
<td width="110" valign="top">
7.6%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Terang</a>
</td>
<td width="117" valign="top">
3264
</td>
<td width="113" valign="top">
$155,000
</td>
<td width="110" valign="top">
7.5%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Werris Creek</a>
</td>
<td width="117" valign="top">
2341
</td>
<td width="113" valign="top">
$125,000
</td>
<td width="110" valign="top">
7.5%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Charleville</a>
</td>
<td width="117" valign="top">
4470
</td>
<td width="113" valign="top">
$160,000
</td>
<td width="110" valign="top">
7.3%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Mount Morgan</a>
</td>
<td width="117" valign="top">
4714
</td>
<td width="113" valign="top">
$125,500
</td>
<td width="110" valign="top">
7.3%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">East Bairnsdale</a>
</td>
<td width="117" valign="top">
3875
</td>
<td width="113" valign="top">
$178,000
</td>
<td width="110" valign="top">
7.3%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Deniliquin</a>
</td>
<td width="117" valign="top">
2710
</td>
<td width="113" valign="top">
$152,500
</td>
<td width="110" valign="top">
7.3%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Windale</a>
</td>
<td width="117" valign="top">
2306
</td>
<td width="113" valign="top">
$228,750
</td>
<td width="110" valign="top">
7.3%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Cloncurry</a>
</td>
<td width="117" valign="top">
4824
</td>
<td width="113" valign="top">
$252,500
</td>
<td width="110" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Moura</a>
</td>
<td width="117" valign="top">
4718
</td>
<td width="113" valign="top">
$253,000
</td>
<td width="110" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">North Booval</a>
</td>
<td width="117" valign="top">
4305
</td>
<td width="113" valign="top">
$200,000
</td>
<td width="110" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Sarina Beach</a>
</td>
<td width="117" valign="top">
4737
</td>
<td width="113" valign="top">
$370,000
</td>
<td width="110" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Cooma</a>
</td>
<td width="117" valign="top">
2590
</td>
<td width="113" valign="top">
$172,250
</td>
<td width="110" valign="top">
7.2%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Merbein</a>
</td>
<td width="117" valign="top">
3505
</td>
<td width="113" valign="top">
$145,500
</td>
<td width="110" valign="top">
7.1%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Narrabri</a>
</td>
<td width="117" valign="top">
2390
</td>
<td width="113" valign="top">
$263,500
</td>
<td width="110" valign="top">
7.1%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">South Grafton</a>
</td>
<td width="117" valign="top">
2460
</td>
<td width="113" valign="top">
$193,500
</td>
<td width="110" valign="top">
7.1%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Cardwell</a>
</td>
<td width="117" valign="top">
4849
</td>
<td width="113" valign="top">
$231,000
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Marburg</a>
</td>
<td width="117" valign="top">
4346
</td>
<td width="113" valign="top">
$237,500
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Rockhampton City</a>
</td>
<td width="117" valign="top">
4700
</td>
<td width="113" valign="top">
$200,000
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Winston</a>
</td>
<td width="117" valign="top">
4825
</td>
<td width="113" valign="top">
$379,000
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Blackett</a>
</td>
<td width="117" valign="top">
2770
</td>
<td width="113" valign="top">
$229,500
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Bolton Point</a>
</td>
<td width="117" valign="top">
2283
</td>
<td width="113" valign="top">
$260,250
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">North Albury</a>
</td>
<td width="117" valign="top">
2640
</td>
<td width="113" valign="top">
$185,000
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Tolland</a>
</td>
<td width="117" valign="top">
2650
</td>
<td width="113" valign="top">
$190,000
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top">
<a href="/news">Willmot</a>
</td>
<td width="117" valign="top">
2770
</td>
<td width="113" valign="top">
$224,250
</td>
<td width="110" valign="top">
7%
</td>
</tr>
<tr>
<td width="120" valign="top"><a style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px;" href="/news" target="_blank">Tregear</a></td>
<td width="117" valign="top">2770</td>
<td width="113" valign="top">$231,500</td>
<td width="110" valign="top">7%</td>
</tr>
</tbody></table>

Source <a target="_blank" href="https://www.myrp.com.au/">RP Data</a>
For more on investing in mining towns like Moranbah and Gladstone, <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-gladstone-investment-keys-to-one-of-the-nations-most-talked-about-hotspots">download our free eBook.</a>

</body></html>

East coast Australia's top 40 highest rental yield suburbs: From Moranbah to Tregear

<html><body>
The historic Camden residence Dr Crookston’s house has been offered for sale for only the second time in the past 100 years, with price expectations of $1 million plus.
Located at <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-camden-112010871">75 John Street, Camden</a>, the two-storey Victorian residence has elevated views over <a target="_blank" href="/news">Camden </a>and the Blue Mountains.
Owners Paul and Margaret Bowring have owned the property for 33 years.
The Macarthur family originally built the house circa 1860s for their overseer Robert Druitt, but an angry bull killed him before he had the chance to live in the house.
The house's name come from its later ownership by Dr R.B. Crookston, who conducted his medical practice at the house from 1913.
Dr Crookston was the mayor of Camden from 1932-1934. 
The property, last sold in 1979 for $145,000, comprises four bedrooms and two bathrooms.
There are 12-foot-high (3.7-metre-high) ceilings, ironbark floor boards, open fire places, French doors, antique light fittings and decorative cast-iron lace.
The grounds have a grass tennis court and rear stables converted into a double garage.
“We’ve had many happy times here with friends but it’s time for another family to enjoy the home now,” says Margaret Bowring.
Dr Crookston’s house is being sold by Stuart Davies from <a target="_blank" href="https://rwmg.com.au/">Ray White Macarthur Group Camden</a>.
“This is a very special offering,” says Davies.
"Rarely does a property of this calibre come on to the market, let alone one situated so close to the heart of the town.”
The house on its 2,536-square-metre holding will be auctioned on December 1.
</body></html>

Dr Crookston's Camden house offered for only the second time in 100 years

<html><body>
CBRE and Mirvac employees will be among those taking part this Friday November 16 in the second annual Walk For A Wish Charity.
The simultaneous 10 kilometre walks will take part in major cities across Australia and New Zealand.
The event is held to raise funds and awareness for Starlight Children’s Foundation Australia and Make-A-Wish New Zealand.
“The event provides staff with the opportunity to give back to the community within which they work,” says Tom Southern, CBRE’s President and CEO, Australia and New Zealand.
The Sydney leg will take walkers from Martin Place through the Domain, past the NSW Art Gallery and Andrew Boy Charlton Pool to finish at the eastern suburbs Rugby Union Club in Rose Bay.
Mirvac has signed on as a principal sponsor of the Walk for a Wish event.
“We hope that our contribution to the Starlight and Make-A-Wish foundations will help them to continue their work in brightening the lives of sick children,” said the Mirvac chief Susan Lloyd-Hurwitz.
“This year Starlight has an overwhelming number of wish referrals and we hope to be able to let as many children as possibly know before Christmas that their Starlight wish will be granted,” said Starlight chief Louise Baxter.
 
 
</body></html>

Property chiefs participate in Walk for a Wish charity 

<html><body>
A heritage-listed building at <a href="https://www.realcommercial.com.au/property-offices-wa-perth-5503905" target="_blank">88 William Street in the Perth CBD</a> has received a full makeover which has enabled the leasing of its upper levels that had been vacant for many decades.
The refurbishment commenced in late 2010 and involved the restoration of the building's façade and complete removal of all fire-damaged interiors.
New tenant facilities were installed including showers, bicycle parking, lockers, onsite car bays and a goods lift was also incorporated.
Owned by Winston Holding Pty Ltd. and Ayoman Pty Ltd, the building's estimated $15 million restoration was undertaken by heritage architects Palassis.
After a fire destroyed the previous building Economic Store, construction on the new building began in 1922 and was completed by early 1923.



The six level building designed by Talbot Hobbs has been known as Walsh’s Building since the Walsh’s Menswear store opened on the ground level.

The basement of the building continued to operate as a food court until a 2007 fire caused extensive damage.

CBRE office services senior director Andrew Denny oversaw the leasing campaign of  88 William Street.
Insurance brokers CKA risk solutions have leased the top level and Perth accountants Nexia have leased level three.
A Perth mining company has leased level two and level one has been leased to Solid Gold for a mixed office and retail use.
“The refurbishment of this building has turned derelict unused space into a high value and vibrant end product," Andrew Denny said.
Much of 88 William Street was vacant for at least 30 years, he said.
“The success of this project can be judged by the property being fully leased prior to the practical completion of the works.”
The typical floor size is approximately 1,500 square metres and rent is below $525 per square metre.
The building, which has a 7,500 square metre net lettable area, is located on the corner of the Hay Street Mall.
</body></html>

Heritage Perth office refurbishment attracts new tenants

<html><body>
CBRE has sold more than half of the apartments in new Lenland complex The Castlereagh Sydney, which hit the market two weeks ago.
Thus far some 26 of the 50 one-,  two- and three-bedroom apartments have sold.
Located on the corner of Castlereagh and Bathurst streets, the upper floors of the 15-storey Tony Owen-designed building have distinctive bronze-coloured louvres.
<img src="/images/stories/2012/11/castlereagh1.jpg">
Some upper floors overlooks the iconic Hyde Park.
Owen has designed two other apartment buildings in the Sydney CBD: the Ceerose Hyde Park prestige dress circle development, and Eliza in Elizabeth Street, which has an expected completion date of mid-2013.
<img src="/images/stories/2012/11/castlereagh2.jpg">
The 22 one-bedroom apartments in the Castlereagh start from $560,000, with sizes between 50 to 60 square metres.
Its 26 two-bedroom apartments have a starting price of $820,000 and range from 82 to 90 square metres.
There are only two three-bedroom apartments, which have 111 square metres of space and start from $1.25 million.
<img src="/images/stories/2012/11/castlereagh3.jpg">
The Eliza apartment complex has 83-square-metre two-bedroom apartments costing $1.7 million.
RP Data indicates the median sale price for a unit in the Sydney CBD is $530,000. This is 0.5% lower than it was a year ago.
The median rental price is $650 a week, with an indicative gross rental yield of 6.4%.


<hr class="system-pagebreak">
The ground level of The Castlereagh Sydney complex will be a lively retail precinct of restaurants, cafes and designer shops.
The upper levels have bronze-coloured louvres, which were designed to control sun and privacy and create an animated urban façade.
An atrium is located in the centre of the building, acting as a ventilation shaft as it draws out hot air.
Apartments located on the third level will have winter gardens, and the higher levels will have balconies.
Each apartment will have hardwood floors, European kitchen appliances and floor to ceiling windows.
“Residents of The Castlereagh Sydney will enjoy a privileged lifestyle on the edge of Hyde Park, surrounded by world-class restaurants, fashion boutiques, shopping and facilities,” said Ben Stewart of CBRE.
“As well as owner-occupiers, the apartments will appeal to astute investors seeking to take advantage of the CBD’s lure with tenants.”
The marketing agents noted The Castlereagh Sydney will offer low strata levies as there are no costly communal facilities.
CBRE forecasts them to be $382 quarterly for one-bedroom apartments, $585 for two-bedroom apartments and $798 for a three-bedroom apartment, per quarter.
There is no car parking offered on site to apartments buyers.
“The Castlereagh Sydney is in the heart of the city so we deemed expensive in-house facilities unnecessary,” said James Chryssafis, Managing Director of Integrated Project Services, which is overseeing the project for Lenland Property Development.
The existing 1925 building, Bathurst House  was bought by Lenland for $15.45 million in 2010. It sold in 2006 at $14.25 million. Lenland's managing director Harvard Shen sais the company had previously undertaken residential development on Sydney's north shore at Killara and St Ives.
The building - close to the NSW Fire Brigade HQ -will be demolished next March with construction to start in May.
The Castlereagh Sydney - which had an estimated $16 million construction cost in its City of Sydney development application - is expected to be completed by late 2014.
Of the 26 early sales, only a few have been to investors, with others including CBD workers as well as empty nesters.
The display suite is at 209 Castlereagh Street.
</body></html>

Matching the median, The Castlereagh Sydney half-sold after two weeks

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

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Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

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Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

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La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

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<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

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Nicola Trotman

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